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out of washington. we have boehner coming out with plan b. we are getting harry reid response saying that speaker banners -- boehner approach is very far away. the markets have managed to move back higher. there is a look at the nasdaq. the dow is a winner of about .5%. connell: let's follow up on this breaking news on the speaker of the house john boehner. dagen: richardson is live in washington, d.c. with what the heck. rich: the house will vote as early as this week to extend tax rates for those making less than a million dollars a year. house speaker john boehner says he is still negotiating plan a with president obama. the reason for the backup plan, speaker boehner says, after optimism, the white house is latest offer has soured the mood within republicans. >> it was essentially a $1.3 trillion in new revenues for only $853 billion in net spending reductions that is not balanced in my opinion. rich: there are substantial differences. the speaker is willing to allow a rate hike on those earning less than, excuse me, more than 1 million. speaker boehner wants a $1 trillion in spe
with an exclusive look at their latest cfo survey. how are cfos planning what washington can decide? liz: state across the country must decide today who will be setting of the mandatory health insurance exchange required by the health care act. the decision could have a big impact on your coverage and the prices you will pay and maybe insurance stocks. we will break down the numbers for you straight ahead. [ male announcer ] this is amy. amy likes to invest in the market. she also likes to ride her bike. she knows the potential for making or losing money can pop up anytime. th's why she trades with the leader in mobile trading. so she's always ready to take action, no matter how wily.. or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung fu
, connecticut. nearly all of the senators and congress have left washington dc. from all over the country, there were outpouring of condolences and sympathy and there were senators and congressmen who sent out statements calling for gun control. in some cases with no political desions by many to politicize the tragedy. here are some of their names and what they said. congressman bobby rush said lawmakers can no longer be hel hostage by those who are opposed to reasonable gun control laws. congressman eliot engel of new york, the fact that we cannot pass sensible gun control in this congress is a blot on her reputation. and congressmen jery nadler saying that now is not the time to have a serious discussion abouand control, if not now, when would it be? at least 20 members of congress reacting with calls to restrict constitutional rights to bear arms. all over those calls coming from members of the democratic party. here is the number who chose to talk about mental illness. the disaffection of the mentally disturbed and ill. the importance of a strong family and how better to protect our s
are always relatively optimistic about the economy, but even after last night and what we in washington? >> sure. you know, yes, the fiscal cliff is coming. we have known him for a long time. the dow is still over 13,000. it is not just because the market thinks we have the great deal ever. tax rates will go up. we will have deficits, as far as the eye can see. by the way, we had pretty darn good news on personal income and spending and durable goods today. the economy is hanging in there, as well. connell: i thought it would be interesting to watch the close, because to me, maybe a deal is more likely after last night because the speaker, if anything, lost his leverage. how do you view that part of it? >> in the end, there is really an infinite number of outcomes. we believeethere is really just about 25% chance that we just go over the cliff unimpeded. the sequestration happens and all of the tax hikes. some kind of deal will probably get done. if the house were to pass that bill, it could go into law. it would keep dividend and tax rates from going higher. they just cannot reach a de
. and where new york state and new jersey we'll see that rain lift up. washington improving conditions. new york city very heavy rain and very gusty winds. that is part of the problem with this storm and has been since the beginning. we are seeing the swaths of snow but the winds are so strong. in the last three hours 40 mile per hour wind gusts in new york city. so again, the snow cheering out of illinois and indiana but look at what it has left behind. in areas of illinois, 18 inches. in indy, 7 inches, kentucky, 4 inches. and here's what's left of it. the whole storm lifting to the north. upstate and western new york getting 5 to 9 inches of snow. nine to 12 inches in northern new york and the green and white mountains of new hampshire. >> and of course all anybody wants to know is when can we expect to see the weather improve around the country? >> it will. it is going to improve. we are going to watch this move. here is the area of low pressure we are watching. here's the time stamp tonight at 10:00. right on the money. here is where that low pressure is right over washington where is
in washington are calling for more gun controls, the nra wants to fight fire with fire in schools or maybe it's just the deterrent factor that they're hoping for. cnn national correspondent susan candiotti joining me from new york. is that the message that most people expected or wanted to hear from the nra? >> you know, everyone agrees that something needs to change, the question is, of course, is this the moment. armed guards in every school? we're getting different reactions to that. for example, in newtown, connecticut, where the community is still reeling after a shooter blasted his way into sandy hook elementary school and systematically gunned down 20 children and six adults, people are asking is this what we want to do now, put armed guards in every school? here's a sample of opinion in newtown. >> i'm very torn at this point. i'm not happy with the nra. i am not happy with the nra, and i am a gun owner myself. there's just no reason for automatic weapons out there in the public. and clips that discharge so many rounds of ammunition. >> i have many guns. but i don't have a third round
birthday to get a horse. she adored them. >>> another big story out of washington where there's been huge movement in the fiscal cliff wrangling with 14 days left to go before huge across-the-board tax hikes. overnight we learned that president obama made an eye-opening new offer in talks with house speaker john boehner. under this new proposal, tax rates would go up on incomes above $400,000. for years the president has campaigned that that number should start at $250,000. he's also offering some new spending cuts to go along with this. speaker boehner's latest proposal called for the tax hikes to kick in at $1 million. cnn's dan lothian is in washington with the latest on this. dan, it really does look like there is some movement. >> it does. this movement came during a meeting the president had with speaker john boehner yesterday at the white house. that meeting lasted for 45 minutes. it was the third time they had met in the past eight days. you're right, it is pretty dramatic because the president for years now had been holding steadfast to that $250,000 threshold, saying that the bu
is that? tom foreman is in washington to speculate. good morning. >> reporter: hi, carroll. we don't know what that means. there's been speculation it will have something to do with mental health issues because certainly at a lot of local levels people talked about that on the republican side. people on the conservative side saying that has to be addressed as much, perhaps more than the gun issue itself. so we're expecting that may be the direction to go but the truth is we don't really know. what we do know is that the nra was quiet immediately after this. they often are after such incidents and they usually say as they did this time out of respect for the community and the family involved but now that a little bit of time has passed what we would certainly expect here is that there would be a clear message to the white house and to others which is be careful about overreacting at this point because the nra will push back and certainly they have proven that politically they have the power to do it not only nationally but certainly at the state level. carol? >> tom foreman reporting live
current tax rates in place for 99% of the country, the president further demanding that washington go his way or no way at all, president obama seems to be on his way to perhaps becoming the imperious president. >> i've asked the vice president to lead an effort that includes members of my cabinet and outside organization to come up with concrete proposals no later than january that i will push without delay. this is not some washington commission, that is not something where folks will be studying the issue for 6 months and publishing a respect -- report that gets read then pushed aside. lou: you will notice that president did not call for concrete proposals on mental health care opublic school security, or any of the other issues at issue in the connecticut shooting last week. at that same pros conference where he demanded gun control proposal, president blasting speaker of the house john boehner or only wants to raise taxes on millionaires. >> if you look at what the speaker has proposed, he has conceded that income tax rates should go up, right now he only wants them to go up for mill
report" is coming up next. >> harris: this is the fox report. tonight, drama from washington to wall street. no deal on the fiscal cliff on this final friday before christmas. negative reaction from investors as the president speaking moments ago tries to calm the fray. plus, president obama making it official. >> i'm very proud to announce my choice for america's next secretary of state, john kerry. >> the president calling on the veteran massachusetts senator to fill secretary clinton's spot. plus in the wake of the new town shooting the national rifle association breaks its silence. >> out of respect for the families and until the facts are known, the nra has refrained from comment. >> harris: and the group's ceo placing some blame. >> we have flood soaked films out there. vicious, violent video games. >> and the nra offering a proposal, an armed officer in every single school in america. also, mexican police locked up this former u.s. marine months ago, accused him of trying to bring a gun into the country. >> a lesser person would have pleaded guilty. >> they chained him to a be
house around 3:15 eastern. our john harwood is in washington with some more details on what we know right now. john? >> reporter: well, bill, the horror of this tragedy is also muted talk of anything else in washington for the day, including the fiscal cliff and all the issues that we've been discussing for some time now, but one of the jobs of a president is to console victims and to console the nation at a time of grief of this magnitude, so we're going to hear from the president at 3:15. jay carney earlier saying he wasn't going to discuss issues like gun control. it wasn't a day for politics. it's a day to focus on the victims of the tragedy, so you can expect the president is going to focus his remarks on the victims and what happened in connecticut and the attempt to figure out how it happened, why it happened. we'll hear from him at 3:15, and we're going to bring that to you, and we'll talk about it afterwards. >> all right, john, thank you very much. of course, we often talk about how the markets are a mood reflector, and if that's the case, we very much see a market that is
. >> and in washington, the nra breaks it's silence. the kudlow report starts now. >> all right let's go to john harwitt first in dc. i think i agree with what you were saying first. >>> he moved to plan b and the hope that further negotiations could produce progress. >> our plan b would protect american taxpayers who make $1 million or less and have their current rates extended. i continue to have hope. that would reduce spending as well as revenues on the table. >> but of course the democrats in the senate. didn't see plan b as a step forward. harry reid came out and said, john boehner is walking away from the nenegotiations. >> every time we get down to something from the long-term financial think for this country. they do the charlie brown thing, they jerk the ball away. and this is what is going on. >> the posturing conceals the process that we are not aware of. but i talked to a budget aid that said, he thinks things are getting worse in terms for prospects of a deal. >> by the way, my contacts have said the same thing. you thank you very, very much. all of this may be defying predictions. it is a
about it. the only thing being we're relying on our leaders in washington to try to craft some sort of solution. >> did you have quotes around the word leader then? i'm only watching your lips. if you were to type that, would there be quotes around leaders? >> yes. >> thank you. i rest my case. >> i'm willing to take those quotes off. >> if they show that they are truly leaders without quotes. >> i come to work every day, my tallahassee paycheck, still in my wallet. i was a reporter. i made $137 a week. and if i had seen that go down to 127, i would have been angry. that was my subsistence. there are people who play for dinner in this country and their subsistence are on the line and they're going to be furious. but they're not going to get furious until they see their paycheck. >> it's going to impact gdp in the first quarter, and the second quarter. americans are feeling like they're protected from the democrats? because they're in lower income households? but they won't be. their paychecks will be less because the payroll tax cut will be gone. the amt, also gone. that will affect
in washington. >>> in newtown today, funerals for five of the victims, including principal dawn hochsprung and teacher victoria soto. classes will resume for sandy hook students january 2nd in nearby monroe. >> we're not sure what will happen to sandy hook. at this point, the teachers are telling me and the parents are telling me they don't want to walk back into that building. >>> the benghazi breakdown, the scathing findings of an independent investigation blames the state department from top to bottom. >> mistakes were made, lives were lost, and lessons need to be learned. >> there's no question that there were people within the state department that were remiss and did not execute in an appropriate way. >>> what will be the fallout for secretary of state hillary clinton? >>> and spidy senses activate, how did president obama get caught in the hero's web? >>> good day, i'm andrea mitchell live in washington. president obama has just held a mini news conference announcing a task force on guns led by joe biden and the state of negotiations which seem to be stalling over the fiscal cliff.
is live in washington. >> good morning, gretchen and everybody. washington is shut down for the christmas holiday . when everybody does come back to town, the ball will be in the democrat's court because speaker boehner was unable to bring his on board. for the plan b. >> onous is on senator reid and the president to come up with a solution and present it to the house and get back to the bargaining table. >> now the president has insisted on a tax hike for the healthy but wants that at $250,000 or $400,000 and not one mill yen and even though the president scaled back his expectations for what can be accomplished some democrats said a grand bargain shouldn't be that hard to reach. >> we ought to take peeker boehner and the president's last offer and split the difference and it would be a package 2.6 trillion can couple that with 1.1 trillion and that would be close to four trillion needed to stabilize the debt and bring it down. >> the president and members was congress will return to washington wednesday or thursday and try to hammer out a deal. most likely a short-term deal to get us pa
, whatever that action ends up being. >> that is the question, what answer. peter doocy live in washington. >> lawmakers on both sides of the aisle are vowing to take steps to try to keep that type of tragedy from happening again. kelly wright is live with more. >>> law americas as well as the president affected by the school shooting tragedy. as the president spoke out to console the residents of newtown he wants to take meaningful action for such tragedies in the future. >>> in the coming weeks i will use whatever power this office holds to engage my fellow citizens to law enforcement to mental health professionals to parents and educators in an effort aimed at stopping more tragedies like this. >> flags are half staff for children and teaches who died in this senseless shooting. republicans are vowing to take action. >> i think we need a national commission on mass violence not to be in place of anything else the president or congress or state governments might want to do, but to make sure the heartbreak and the anger that we feel now is not dissipated overtime or lost in the legislativ
live to washington. the very latest details. >>> and michael phelps' pick for the athlete of the year. this is a surprise. this guy, he never wins anything. good morning. welcome to "early start," everyone. i'm john berman. >> i'm zoraida sambolin. it's nice to have you with us. it is early, 5:00 a.m. in the east. the fury of the first winter storm is making holiday travel very difficult if not impossible. today new england is expected to get slammed by that storm. at least seven traffic-related deaths in four states are blamed on this crazy severe weather. as the storm barrelled through the plains and the great lakes, more than a foot of wet, heavy snow fell in parts of iowa and wisconsin. there were hundreds of flights canceled right at the height of the holiday travel, as you very well know. check this out. power lines sparking. look at that. and snapping. >> holy -- wow. >> and the storm's worst, 400,000 power customers in the region had no electricity. that number was down to 133,000 by yesterday afternoon. rob marciano, you are busy tracking it all at the cnn weather center in a
taxes. with the democrats in washington pay more attention if oprah threatened to turn in her passport? that's my two cents more. that's all for tonight's "willis report," and thank you for joining us. have a great night. see you right back here tomorrow. ♪ lou: good evening, everybody. a pounding deafening drum beat for gun control rising in the national media. imnating from washington, the president, and members of his party in congress. the tragedy, at sandy hook elementary school in newtown, connecticut, claimed the lives of 27 people, including 20 children understandably provoking calls for solutions, prevention of such bloodshed ever again. the dire to control the inexplicable and the unpredictable. >> are we really prepared to say that we're powerless in the case of such carnage? the politics are too hard? are we prepared to say that such violence visited on our children year after year after year is somehow the price of our freedom? lou: several democratic lawmakers echoing the president's sentimentses within only hours of the shooting pushing for second amendment restriction
washington. >> when congress passes a law, it's basically just a frame work; then federal agencies delegated the authority to write regulations and rules that spell out just how the law will be enforced. before they become time, there's a comment period when the public, employers, companies, anyone impacted can weigh in. back in 1993, president clinton signed an executive order saying agencies should allow a 60 day comment period, but that's not happying with -- happening with four regulations tied to the health care law. one just has 24 days, and final comments due during the holidays. americans for limited government wrote to the department of health and human services asking for an explanation requesting that the comment period be extended. one of the regulations is more than 400 pages long, and regulatory experts say it's nearly impossible for a company to review something of that volume and prepare a formal comment in time. >> because of that, a lot of agencies work in secret. you know, the only people that know about them are large stake holders in industry that have full-time counsel
out of washington have been priced into this market. the dow jones industrials dropped nearly 1%. the nasdaq up 1.4%. a look at the dow jones intraday with a majority of the dow components all into the green, names like bank of america leading the way, oil services all doing well, and talking with equity partners and said why does it pop right now if they think the fiscal cliff talks come to fruition. he said people are chasing. some people taking short-term profits, but altman o alternatee are still believers in a santa claus rally and the fact washington will get it right. melissa: nicole, thank you very much. proposals to avert the fiscal cliff coming fast and furious right now. we want to get you up to speed on where every proposal stands. for the first time the president conceding on tax hikes on those over 400,000 instead of 250,000 per year. that would raise in theory $1.3 trillion in revenue. speaker benard plans for tax hikes on those who make over a million dollars along with a trillion in spending cuts. although it looks like we may be getting closer to a deal, speake
world, the business community, everybody around washington is saying, look, guys, make some progress here. neil: what worries me now is when the next shoe drops. democrats, largely 80 congressman did today, following the congressional black caucus and others like schumer said there's no reason to go after entitlements right now. what's to stop republicans from saying, we're outs of here, we're done. >> there is not a lot to stop republicans from saying, nope, then this is not going to work. we are not ging to be able to come to a consensus before christmas or before we go off the cliff. a big he want of that was john boehner. he is heded home to ohio for the weekend. obviously, the lines of communication remain open with the white house, but that, to me, is very much a move, a political move, saying, hey, you need to come to the table a little bit more, white house and democrats, if we have any chance of making progress and getting a deal. neil: elizabeth? >> well, i think anyone in the situation would agree you can't make theperfect the enemy of the good, but agree that no deal at t
. >> the markets watching washington and shuttling back and forth between the white house and the capitol. eamon javers has the latest. >> it looks like at this point the senate is going to have to come back on december 26th to take up among other pieces of legislation the fiscal cliff solution. apparently. so whether or not that's set in stone, we don't know. but it looks like they're floating now the idea of coming back after christmas to finish up a fiscal cliff deal. and the evidence we're getting closer to the deal came today with speaker boehner going for another meeting with president barack obama. he did not answer reporters' questions. we don't know exactly what was said in that meeting, but we know boehner has proposed new tax revenue of up to $1 trillion and agreed to the idea of raising tax rates in order to do that including on those folks making more than a million dollars a year. at the white house jay carney was asked whether the president's going to stick to his $250,000 a year threshold for tax increases. carney kind of wiggled around that question, didn't pin himself down. giv
. the folks have not been able to get along. nothing is happening in washington, d.c. it's gridlock. so we have got to change something. we tried to change the white house. we were not able to get that done unfortunately. so now we need to look at new leadership. kevin mccarthy, cathy mcmorris rogers. you know, we have got a good group of folks to pick from. i think john boehner's days are just done. it's not working. let's look at someone else. >> laura: chris, i had a well-placed conservative voice today on the hill, email me and said he is beginning to hear rumblings. i already gave something away. he. beginning to hear rumblings of a move to replace the speaker of the house. we're in the middle of this tussle with the democrats. more than a tussle. and is that the right time to put that out there and people are floating the name of paul ryan to be house speaker. but ryan did support, i believe, plan b, did he not? >> yes. and, you know what, laura? you are always going to hear that type of rumblings. in the middle of this disaster, which is, you know, this discussion over nothing, basi
the fiscal cliff. events moving faster in washington. house speaking boehner meeting with party members, moving to plan b. that deals with bush era tax cuts. the white house rejected that. investors like whatever progress we're seeing. s&p 500 at a two-month high. s&p up 1 1/3 -- 1.1 on s&p, dow jones industrial average up 114 points, almost a full% enand nasdaq up 1 1/3. the latest on how those negotiations are progressing. >> over the last 24 hours or so we've had a flurry of proposals, counter proposals, responses, responses to responses. as it lies right now, basically all those responses have been rejected by the other side. at the top of 2:00, we should have a new round because we're going to expect to hear from the senate democratic and republican leaders coming out and talking to cameras. we might get more reaction then. but earlier today speaker boehner came out and unveiled the big one, a two-track plan that would have the house vote on what he's calling plan b. take a listen to his rational for going that route. >> at this point having a back-up plan to make sure that as few
with her son he enjoyed it and why she did it for thank thank, -- thanksgiving they went to washington d.c.. >> it is such a broadspectrum. and was he the kind of child functioning. hey, i am going to the store or i love you. or was he cold and defatched and unable to commune much. >> from my conversations with nancy. i love you and thratype of emotion was not what he would do. like you said. he was more detached . robber >> if is certainly tragic. andy was trying to rich, tharching you. >> and as a gunman burst in the school. one nurse hidurped her desk. >> as i crouched down. could see my dorway. he was in the office and then to my office. and when i heard the door close. and he possible i could see him knows now. >> right in front. >> twept feet away. nand facing his boots to my deck. nnancy lanza visit my place. one of thim show brought the boys along. >> we are more about. in the interview hoe gave me, he did it written and not on camera because he is getting tired. he wanted to make a couple ofs d. i see a lot of bads and she was not one of them. her son ryan adam's older brother w
of the year. >> steve: not since mr. smith went to washington has the movie inspired the senate. harry reid rled it out. it is the end of the year. >> brian: it was incredible to watch the president have a 45 minute press conference and john boehner have a 45 second. >> steve: sometimes less is more . >> brian: they are not getting along. >> gretchen: one good message from the lincoln movie other than not getting assassinated. he set out what to do >> brian: he won over leaps and bounds in order to get a deal >> chris: he did. >> gretchen: that's what they are doing now. or trying tompt approaching the fiscal cliff. the democratic senate took the night off to watch the movie. doug is in washington with us. were you invited. >> of course not. you have to figure out the pop corn was free . the movie was free . we know that they love free stuff here in washington. free movie tickets may have been tough for the guys to resist. it is possible that watching the lincoln movie, may have inspired the members of congress. at the very least. we know that a minimum of 150 minutes last night. two and ha
, connecticut and more on the president's reaction we go like to our washington correspondent from washington, dc. james? >> good morning, from the nation's capitol where for president obama as for all americans, it was a if the madness of the phenomenon, the mass shooting, descended, in connecticut, to the most horrifying level. the would fills -- the profile stayed the same, young man, in adolescent, severed from community and simple pleasures and articled. he is described as of advanced intelligence but remote. most of the victims in this case were very different. children ranging in age from 5 to 10, the most defenseless. the toll as we have reported, 28 dead including the mother and the school principal and 20 children, one school worker was wounded. president obama who has layed the difficult role of consoler in chief in the past struggled this time to contain his emotions and he spoke of the landmarks of life, first days, graduations, and victims of their families were robbed of this along with innocence taken of those who survived. we endured too many of the tragedies and when i learn
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to a compromise? we go back to cnbc's eamon javers who joins us from washington with all the details. good evening. >> reporter: good evening, larry. you're right, they did meet today. it was a surprise meeting not announced as the previous meetings between the two men have been in past weeks. so we know that the meeting lasted about 45 minutes and that treasury secretary tim geithner also attended. what we don't know is whether the two men came to any deal or not or advanced the discussions in any way today. what we do know is that up here on capitol hill, senator harry reid, the democratic leader, suggested to his fellow senators that they might consider coming back on december 26th, the day after christmas, to finish up the fiscal cliff which suggests to you that they might be heading down the path toward a deal, although that is not set in stone. meanwhile, over at the white house, the press secretary, jay carney, was asked about where the president stands on the fiscal cliff. and he did his best to give as invasive an answer as possible and keep the negotiating wiggle room open. take a listen
. i want to get to washington with some of the latest headlines regarding speaker boehner and what eamon is referring to as plan b. >> what we know is the speaker is in the basement of the capital building here right now, meeting with republican lawmakers to brief them on the status of the fiscal cliff negotiation, and what a gop leadership aide is now telling news news is the speaker is now prepared to offer what he's calling a plan b, or a modified plan b in which we don't do the grand big deal that the president and speaker of the negotiating on, but instead do something much smaller that would eliminate the pending tax increases for all americans, the speaker saying that he would like to have some kind of a deal, a modified scaled-down proposal now that would eliminate those for as many people as he can. the details are very sketchy on what modified plan b actually means in practice. but basically, it's something he can keep in his hip pocket right now in case these negotiations with the president don't bear fruit. and presumably what we're talking about here, carl, is a little
>> steve: you have a schism in the republican party. they went to washington. look they are not going to raise on anybody and we'll cut thengs . you have the other faction . republican party saying look, we didn't do so well in the last election . we have to compromise with the president to get something done . that's why john boehner said i don't have a votes mr. #2: if you give me plan b i am vetoing in. republicans were saying we are giving you something and go home. they decided plan b will not pass . they are not coming back until after christmas. mr. boehner said i tried. you cut a trial. newt kning rich sat down with bill clenton and 30 days of one and one negotiation . he said it is time to go back to that. >> my advice to them have every single committee starting january 3rd hold hearings on every lempt waste in the federal government . let the country see all of the different ways to waste money to peck up on can congressman cantor. speaking is the problem and drive issue after issue . we would like to fix the tax rates, and any time the president and democrats want to talk
: you are looking live at washington d.c. in the capitol, believe it or not law makers hoping to avoid the fiscal cliff are making progress. aides said they were closer to cutting a deal. but one thing that will not click is tax hikes. how much would they be and who will would have to pay them when it come to revenue. joining us is saradoga springs, utah mayor mya love. he wanted tax increases and would now settle for 1.2 trillion and impact $400,000 or more. and sounds like he squished a bit on it and what do you think about the supposed deal? >> it is not much movement from the president's side. in if you are going for $250,000 to $400,000 that is not much. young came out with a report saying if you tax the top two brackets that will cost you 700,000 jobs. these are janitors going in and having their manager say i am sorry wecan't afford you any longer and these people are working pay check to pay check. they need mon tow feed their family. >> gretchen: - >> steve: the president wanted a two year debt limit. and that was the republicans leverage. it seems like the republicans are get
be back in washington when congress reconvenes tomorrow. and they can try once again to negotiate a deal to avoid the fiscal cliff by the end of the year. just about every american family will see their taxes increase on january 1 unless a deal is reached. but lawmakers are expressing very little optimism so far. meantime, the president spent christmas in hawaii, visiting a local marine base, thanking more than 100 troops and their families for their service. >>> and this morning, the taliban is claiming responsibility for a suicide bombing at a major u.s. base in eastern afghanistan. three afghans, including a guard at camp chatman were killed in today's explosion. >>> and back here at home, former major league baseball player andruw jones is free on bond this morning. he was arrested near atlanta early christmas morning on a battery charge, after police responded to a call about a domestic dispute with his wife. >>> and netflix, they are apologizing for a christmas outage in its video streaming service. yes, it happened on christmas, a little untimely. it took ten hours to resolve the
in washington, president obama has spoken to this issue before today. he has been called to speak to it mostly in response to tragedies like today. but when you look at his remarks combined over time in full, it's just a remarkable chronicle of not just what he has said. what he said must be done. but it is a remarkable chronicle of what has not yet been done. >> it is part of our nature to demand explanations, to try to impose some order on the chaos, to make sense out of that which seems senseless. already we've seen the national conversation commence, not only about the motivations behind these killings, but about everything from the merits of gun safety laws to the adequacy of our mental health system. and much -- much of this process of debating what might be done to prevent such tragedies in the future is an essential ingredient in our exercise of self government. >> i hope that over the next several days, next several weeks, and next several months we all reflect on how we can do something about some of the senseless violence that ends up marring this country, but also reflect on all th
comes out of washington, if anything. of course, mr. boehner has gone back to his home in ohio for the weekend. the president is on duty at the white house. there are phones, as mr. boehner said, in southern ohio where he lives. if there are any developments, the two gentlemen certainly will be able to get in touch with one another. meantime, there are some individual stock stories of interest at this hour. and one of them concerns facebook. be a facebook lockup expires today and 150 million shares will open up on the market. the last time we had a lockup expiration many expected to see the stock drop. instead, it rallied. right now, no, not so much. facebook down about 89 cents so 3% at 2735. but it is up about 25% over the past three months. julia has the details for us from washington. >> tyler, this is the fourth of five lockup expiration periods. today's potential sellers could also sell in ipos. we shouldn't see any pent up demand to sell. facebook shares are dropping today, off about 3 percent percent as you mentioned. a bit of profit taking after the company's massive r
in the whole vietnam war. so let's get to cnbc's washington correspondent john harwood to talk about how washington will handle the gun control issue. i guess that's what we'll talk about this time. we have a lot to talk to you about involving washington. i guess the lead, obviously, we would be talking about boehner, too, at some point, john. do you have comments on the gun control issue? >> well, i think you saw in the president's address last night, a politician who had been deeply impacted by what happened, like the entire country has been impacted. and i think it is changing the calculus, the way he looks at political risk on this issue. democrats, as you know, joe, for some time has shied away from pushing gun control out of the believe that it is a loser for them politically. republicans have done well when democrats tried to push the gun control bill. there is a broad swath of public opinion that favors things like bans on assault weapons and high volume magazine clips for weapons. i think the president is saying -- when he said on friday, even, before the speech last evening, he
determining that security at the physician facility grossly inadequate that leaders in washington ignored repeated requests to add personnel there and after the tragedy that claimed four american lives, there was a lack of transparency, responsiveness, and leadership at the senior levels in libya, and in washington, d.c. our foreign affairs reporter elise lab bot live in washington this morning. what happens next after this report? >> well, soledad, the panel made about 29 recommendations for the state department to get working on. let me go over a few of them quickly. first of them is to strengthen security personnel for the high-threat post. one problem, the consulate relied on temporary, inexperienced staff and local militias not up to the task. they called for tighter securities at facilities and upgrades. a review of fire safety procedures. smoke inhalation killed ambassador stevens and sean smith. and in-depth checks of the threat environment. a big criticism, the state department failed to recognize the deter yoreating security situation, even in the face of other attacks leading u
of their own. >> we just got in from washington, d.c. and i say what was happening. we had to get back. pray to god to help heal these people that lost children. we have two daughters. i can't imagine what it must feel like. >> people watch this stuff on tv and come and show your support. lay down flowers and show your support. >> it's an unimaginable loss. there is nothing you can say to console them. >> people at one newtown church, they had a reported bomb threat but police gave them the all clear shortly after the call was called in. >> gregg: new reports showing small businesses are feeling the effect if democrats and republicans don't reef an agreement soon. joining us is brenda buttner. newly smaul businesses they have to budget in advance. they have to budget for the coming quarter. so they are already tightening their belt? >> you budget based on what the economy is going to do or what the customers are going to spend. we had key surveys that the optimism level of small business levels is at record lows close to what it was in 2008 and 2009 when basically the recession started and f
a real cliffhanger. members of the house are now leaving washington, now that a republican plan offered by house speaker john boehner, called plan b, was put aside. it simply did not have enough support to pass. boehner's plan would have raised taxes on those earning more than $1 million a year. after pulling the bill, boehner said it's now up to president obama and the senate to find a way to avoid the cliff. so there's no way to get a plan through the house based on republican support. that is the political lesson from this. but the day before, they said this is going to pass and then yanked it because the support in that chamber was not there. so i don't know quite where it goes from here. no one does. and now it's time for christmas break. so they get back and have less than a week to get something done before january. >> and the president isn't going to hawaii now, right? >> the last i heard, it was still up in the air. you can't imagine he would have a vacation now. or any of them shouldn't have a vacation now. but we don't know. so cliff hanger is the right word for sure. >>> now
and their families. >> that is always necessary. connell: thank you. it is great to see you. the more washington delays, the more we could all be paying. the irs at risk. if that happens, it could send us into recession. dagen: at the lowest gas prices we have seen in years. it has not been this good for drivers for, well, about a year. still up almost $88 a barrel. ♪ >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most... [beeping...] helping stop crooks before your identitis attacked. and now you can have theost comprehensive identity theft protection available today... lifelock ultimate. so for protection you just can't get anywhere else, get lifelockltimate. >> i didn't know how serious identity theft was un
the "washington post" and abc news. 54% say they favor stricter gun control laws. 43% say they oppose them. the pollsters say they did the survey this past weekend. mostly after the massacre at sandy hook. last night president obama spoke at a vigil in newtown and said the nation has to do more to keep this from happening again. >> in the coming weeks, i'll use whatever power this office holds to engage my fellow citizens from law enforcement to mental health professionals, to parents and educators in an effort aimed at preventing more tragedies like this. >> john: today the white house said gun control is only part of the president's plan. ed henry live at the white house for us. i guess press secretary jay carney wouldn't get too specific about that plan today. >> that's right. look, the president got high marks for those remarks he mentioned last night at that prayer vigil. i was there. across the political spectrum, people were saying it's perhaps struck the right tone. maybe there will be some action. but there is a way to have a reason debate to find out the best solution. jay carney
in washington. a rough friday before christmas. is the fiscal cliff already here? >>> church bells will ring 26 times for the victims in sandsy hook. one week after the terrible tragedy. >>> friday, december 21st. "starting point" begins right now. >>> good morning, a major political blow for house speaker john boehner, one that will affect his position. house republicans abandons him, and it forced the speaker to cancel a vote on plan "b" which would have extended bush tax cuts on incomes below $1 million. congressional correspondent dana bash there was and watched it unfold. walk us through what happened? >> it really was stunning. that is the perfect word, soledad. i was watching all day, talking to republicans to try and figure out if the speaker had the votes. really hard to imagine he was so far out. so far out on this being a strategy. republicans want to prove that they won't let things go up. i was watching earlier votes. watching the speaker's team on the floor, trying to twist arms and trying to get republican votes, and clear from the expressions on their faces it was not going well
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